Techub News reports that, according to The Wall Street Journal, Erebor Bank, a cryptocurrency-friendly bank, has become the first new bank to receive a national charter during the second term of the Trump administration. The bank's startup capital reaches $635 million, claiming to fill the market gap left by the collapse of Silicon Valley Bank. The bank was founded by early Trump supporter in the tech industry Palmer Luckey, with investors including Lux Capital, a16z, 8VC, Elad Gil, and Founders Fund under Peter Thiel.
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